ISLAMABAD: The Auditor Gene­ral of Pakistan has identified leakage, malfeasance and dozens of other loss-making practices to the tune of Rs4.5 trillion in the country’s ever-bleeding power sector that have put the nation on the brink of collapse.

The AGP, in his report, expressed concern over lack of accountability and poor response to corrective measures.

In the audit report on the accounts of Power Division and its attached organisations for 2023-24, the AGP published over 442 pages — the largest among the federal government entities — of audit objections, highlighting non-recoveries, over-payments, poor asset and financial management, embezzlement, theft, fraud and over-billing, to name a few.

It said the Central Power Purchasing Agency — a commercial arm of the power division acting as financial agent of power companies — is required to report on a monthly basis the failure of any distribution company (Disco)........

© Dawn Business